As companies grow, small-mid sized business accounting software doesn’t always cut it. If your business is outgrowing your current accounting software, it may be time to consider adopting an enterprise resource planning (ERP) software. ERP systems provide companies the ability to manage every aspect of their business, from accounting to supply chain management to marketing. Plus, with many of today’s companies moving to the cloud, ERP systems are too, providing better security and more flexibility for how businesses operate. There are a number of new cloud ERP tools on the market that are being adopted. Listed below are the most promising software companies for ERP enterprise customers:
NetSuite is designed to scale with businesses as they grow and to streamline critical processes, allowing businesses to focus on what they do best. The NetSuite platform includes features for advanced financials to supply chain management to billing and more, giving companies the tools they need to accelerate growth and drive innovation. In addition, PayStand easily integrates with NetSuite to provide Pay Now buttons on invoices and automate the accounts receivable process to save your company time and money.
Xero is cloud accounting software for companies that provides companies as well as accounting firms they work with easy access to manage financials. Seen as the most popular alternative to Quickbooks, Xero is growing and expanding with its app marketplace with hundreds of third-party apps. In addition, PayStand integrates seamlessly with Xero to provide Pay Now buttons on invoices and accounts receivable automation to easily apply successful payments to invoices.
Sage X3 is an ERP system for enterprise companies that delivers fast and flexible solutions for financial, supply chain and production management. It also claims to offer such features at a fraction of the cost and complexity of typical enterprise ERP systems.The software is installable on-premise, or in the cloud to be managed by Sage or a third party.
SAP S/4HANA is a real-time enterprise resource management suite for digital business. It offers a personalized, consumer-grade user experience and is deployable in the cloud or on premise. SAP S/4HANA can drive instant value across all lines of business – no matter your industry or business size, and is often considered an industry-standard in the enterprise world.
QuickBooks Enterprise is an intuitive accounting solution suitable for small to mid-size businesses. The software offers complete accounting flexibility. The solution can be scaled to meet the company's requirements of managing multiple users, locations, inventory workflows, or large amounts of transaction data
Microsoft Dynamics 365 is a cloud (or on-premise) ERP software that features a variety of product suites to fit businesses of any size, including enterprises. Companies can purchase the apps relevant to their businesses needs including for sales, customer service, field service, talent, finance, and operations.
Acumatica Cloud ERP is designed for growing companies looking to manage all aspects of their businesses. With features covering financial, distribution, customer, project, and manufacturing management, as well accounting and sales. Acumatica Cloud ERP also integrates with third-party apps and provides customers the ability to only pay for the apps they need and use, unlike other ERP providers.
Deskera ERP Cloud provides a range of features for businesses of any size, such as purchase, sales and billing, vendor, account, customer, financial reporting, Item master, stock, checklist management and much more. In addition, Deskera offers addition cloud services for CRM, HR, and Project management that integrate with its ERP Cloud. though is best in its class offerings Deskera ERP and Deskera Inventory.
Odoo is an all-in-one business management software that includes over 30 main applications within that are regularly upgraded and cover every aspect of a business, from marketing to sales to operations. In addition, it includes a community of more than 1500 active developers, have contributed another to 4,500+ third-party apps to cover a wide variety of business needs on the platform.
Oracle ERP Cloud offers a complete solution for organizations of all sizes. Designed to grow with a company, it is capable of managing accounting, financial planning and analysis, revenue recognition, risk management, governance, compliance, procurement, project planning, tax reporting, the financial close, and much more. Oracle ERP’s platform also features connected cloud applications to deliver the functionality, analytics, security, mobile capabilities, and social collaboration tools you need to run your business.
How PayStand Can Make an Impact
As your company grows, it’s important to prioritize payment solutions in addition to accounting software. As payments sit in the center of any business or enterprise, a reliable payment processor can grow with your business and help grow your business. PayStand has a disruptive and unusual Payments-as-a-service model that will help reform your ROI; our business model is structured so that you save more with increased growth, rather than being charged a percentage of the transaction, which adds up to astronomical payouts. PayStand can accept credit cards (at wholesale fees), ACH, and eCheck payments fast and easily. Plus, with must-have features like recurring/scheduled payments, Fund on File, and a beautiful Billing Payment Portal, you can manage and automate your accounts receivable process. As mentioned above, PayStand also integrates seamlessly with Xero and NetSuite to automatically apply payments to invoices. Whatever ERP or accounting software you choose, PayStand can help your business increase productivity and automate manual processes.
If you’re interested in learning more about how PayStand automates accounts receivable processes in software such as Xero and NetSuite, don’t hesitate to reach out and contact us.